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The big surge in the labor force is just not supposed to happen according to the new normalists—the secular stagnators who keep telling us a slow-growth economy is as good as it gets. It’s the same crew of former Obama economic advisers who say that we can’t enjoy robust growth in the labor force because too many Baby Boomers are retiring. But last month Americans weren’t listening.
You have to appreciate the snide, partisan remarks from an "unbiased" and "trusted" publication like the WSJ
You have to appreciate the snide, partisan remarks from an "unbiased" and "trusted" publication like the WSJ
I wonder if they had a similar opinion when the same approximate numbers were added that month in 2016.
I'm willing to bet they phrased it as some sort of anomaly.
Of course it is good news when jobs are added, if one believes the numbers.
I've yet to see anyone explain why they should be believed now after all of the talk during Obama's presidency and particularly during Trump's campaign about the numbers being fake.
I wonder if they had a similar opinion when the same approximate numbers were added that month in 2016.
I'm willing to bet they phrased it as some sort of anomaly.
Of course it is good news when jobs are added, if one believes the numbers.
I've yet to see anyone explain why they should be believed now after all of the talk during Obama's presidency and particularly during Trump's campaign about the numbers being fake.
Anyone?
If you google the author, he has nothing but hit pieces against the Democrats / propaganda pieces praising the republicans.
You do realize that part of the reason labor markets are tight is because of more debt and deficits?
Why do you think we have so much debt in the first place? Because we're addicted to the short-term stimulus that newly created money provides.
No - that's not why labor markets are tight. What does government debt have to do with a private company's hiring practices? Regulations hamper the labor market. Regulations that make it more expensive to hire employees. Regulations make it more favorable to move to another country because it is cheaper to operate.
We have debts and deficits because the government overspends. Period.
So you are saying that it's not good news that 800K people have joined the labor force... ?
Of course it's good news, but that good news is nothing particularly unusual. It's just noise in the data. In some future months there will be another big down month, which will cancel out some of February's big rise. Pretty predictable.
I wonder if they had a similar opinion when the same approximate numbers were added that month in 2016.
I've actually been reading the WSJ for many years, and yes, there were plenty of times during Obama's tenure when they wrote articles of a similar tenor.
EDIT: That said, they are going to be particularly disappointed when they gradually learn the 'secular stagnationists' are right.
Of course it's good news, but that good news is nothing particularly unusual. It's just noise in the data. In some future months there will be another big down month, which will cancel out some of February's big rise. Pretty predictable.
It the highest increase in a month in 35 years. You say it's no big deal. OK.
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